It is useful to reflect on the 2013 IPO objectives: to build a portfolio of assets in South East Europe let to multi-national tenants on yields above 7% which would deliver a strong recurrent income stream. Two years later, Globalworth has assembled a portfolio comprising €831m of properties valued on yields between 7.0% and 8.0% and with a contracted rent roll above €45m let to international grade covenants. The group is now the major landlord for grade A office space in Bucharest

19 Nov 2015
Panmure Research - Globalworth 19-11-15

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Panmure Research - Globalworth 19-11-15
Globalworth Real Estate Investments Limited (GWI:LON) | 239 0 0.0% | Mkt Cap: 694.3m
- Published:
19 Nov 2015 -
Author:
Sue Munden -
Pages:
16 -
It is useful to reflect on the 2013 IPO objectives: to build a portfolio of assets in South East Europe let to multi-national tenants on yields above 7% which would deliver a strong recurrent income stream. Two years later, Globalworth has assembled a portfolio comprising €831m of properties valued on yields between 7.0% and 8.0% and with a contracted rent roll above €45m let to international grade covenants. The group is now the major landlord for grade A office space in Bucharest